Scope Prime Launches 24/7 Oil CFDs as CME's Oil Futures Plan Remains on Hold

Scope Prime, the
institutional arm of Rostro Group, has launched 24/7 liquidity for contracts
for difference on Brent and WTI crude oil, extending its around-the-clock
trading offering beyond precious metals.

Following the rollout of its 24/7
gold and silver CFDs earlier this year, Scope Prime has expanded its
continuous trading offering to oil. The company said the move makes it one of
the first prime of prime brokers to provide continuous over-the-counter CFD
liquidity for oil markets.

Oil Trading Pushes Beyond Market Hours

The product is
intended for institutional clients, including brokers and funds that hold
energy-related positions outside the trading hours of traditional exchanges.

The launch comes as
continuous oil trading gains momentum across the industry. Earlier this month,
the US Commodity Futures Trading Commission paused CME Group’s proposed 24/7
trading for a new 10-barrel WTI crude oil futures contract pending further
regulatory review, although the exchange has already rolled out 24/7 gold
futures.

At the same time,
several OTC and crypto-native trading venues have expanded weekend and
around-the-clock access to oil-linked products, reflecting growing demand for
hedging tools outside traditional market hours.

Daniel Lawrance, Chief
Executive Officer of Scope Prime, said demand for continuous trading had
increased following the launch of the firm’s precious metals products.

“Gold proved that
demand for always-on markets is real,” Lawrance said. He added that the
company chose oil next because “the needs of the market are most
acute.”

Oil Traders Seek Weekend Risk Protection

According to Scope
Prime, events that influence oil prices, including OPEC+ production decisions,
sanctions announcements and infrastructure disruptions, often occur after
markets close on Friday and before they reopen on Sunday. During that period,
firms with energy exposure may be unable to hedge positions, increasing the
risk of price gaps when trading resumes.

The company said
brokers can also face margin shortfalls and negative balance events if prices move
sharply over the weekend while client positions remain open.

This article was written by Tareq Sikder at www.financemagnates.com.